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The future of fintech may well be in Africa.

The future of fintech may well be in Africa.

By Erika Masako Welch 24 May 2023

Lucidity Insights recently published a Special Report titled “The Future of Fintech in Africa”, which was published in partnership with Entrepreneur Middle East and Nigerian Fintech player NowNow. The fintech opportunity in Africa is detailed by both data-driven analysis and insightful features which interview some of the most prominent key opinion leaders and stakeholder in Africa’s emerging fintech landscape.  

Fintech has come a long way from its emergence, just

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Future of Fintech in Africa

The Future of Fintech in Africa

Eighteen percent of the world’s population lives in Africa, and 57% of Africans are ‘unbanked’, without a bank account or a digital wallet. This presents a massive opportunity, making fintech the most dominant and funded tech sector in Africa today. This special report highlights how African fintechs not only have one of the largest total addressable markets globally but are also crucial for achieving financial inclusion and empowering unbanked populations. The potential impact of a successful fintech in Africa is unparalleled. To learn more about the drivers, barriers, and opportunities in African fintech, as well as progress toward financial inclusion, read the special report.

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